Posted inBeijing, China, Taiwan, World

Taiwan market rally looks toppy as ETF underperforms

Taiwan is one of the world’s great success stories with the sole defect that it is a one-product economy (semiconductors). Taiwan’s weighted equity index is up 11.3% during the past six months, but one company–Taiwan Semiconductor–accounts for nearly a third of the total gain. The computer assembler Hon Hai and the optics manufacturer Largan together […]

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